BISYS Fund Services announces new key hires

BISYS Fund Services has announced several new hires and one internal promotion, all fuelled by the firm winning new business over the past 18 months.

In the last year and a half, the outsourcing solutions provider has taken on 20 new offshore and domestic asset management clients.

"BISYS is at a positive and dynamic juncture in its history," says Fred Naddaff, President of BISYS Fund Services. "Our recent staffing decisions are driven by a sustained period of new business wins and a solid pipeline of prospects. In addition, recently launched products and services have fuelled market demand for our services.

Naddaff also highlights industry-wide regulatory scrutiny and oversight as a precursor to recent infrastructure investments. "As our clients are held to a higher standard, we are taking all the appropriate steps to provide a new level of support," he adds.

The new key hires in BISYS Fund Services include:

Michele Samuels, Senior Vice President, Product Development, who has been promoted to a new role dedicated to strategic product initiatives. In this capacity, she will work closely with BISYS' clients and business development group, providing leadership and support for new product launches and deployment, and service opportunities. Samuels, who joined BISYS Investment Services two years ago in business development supporting US and European markets, is also responsible for leveraging and enhancing the firm's existing capabilities to support the expanding needs of the investment management community. Her securities industry experience spans 19 years and covers trading, securities processing, custody and clearing, capital markets (including IPO and research distribution) and business re-engineering.

Michael Klein, Vice President, Tax Services, has joined the tax group based in Columbus, Ohio. He is a CPA and attorney with more than 15 years of experience at Big Four public accounting firms. His experience also includes seven years as a tax executive with Fidelity Investments in Boston. Klein now manages a group of tax professionals providing services to investment firms and mutual fund company clients.

Bruce Rosenberg, Vice President, Fund Accounting, is another recent hire in Columbus, Ohio, bringing nineteen years of fund accounting experience to the firm. Prior to joining BISYS, Rosenberg was with the Franklin Templeton Funds for ten years, where his most recent position was Treasurer and Chief Financial Officer. In that position, he had full responsibility for fund accounting for the Franklin Templeton Funds. Prior to joining Franklin Templeton, Rosenberg spent nine years as a public accountant with Coopers & Lybrand with a focus on the financial services industry.

Colleen Collins, Director, Relationship Management, has joined the client relationship management team in Columbus, Ohio. She brings 12 years of experience in the financial services industry including senior positions with Oak Associates, Ltd., of Akron, Ohio and Allegiant Funds, a subsidiary of National City Bank in Cleveland, Ohio.

Stefan Cooper, Director, Regulatory Services, now works in business development for the BISYS regulatory services team in Philadelphia, PA. His duties include providing compliance and registration consulting to hedge funds and broker dealers. Cooper began his career with the SEC as a commission staff assistant before moving to the National Association of Securities Dealers, District 9, where he was a Senior Compliance Examiner for five years. Most recently, Cooper worked as a registered options trader for TimberHill Group, LLC/Interactive Brokers Group, a company engaged in the global trading of equities, options, futures and currency.

Previously this year, BISYS announced other key hires, including James Nolan, Executive Vice President, Client Services and Product Development and Bob Van Kirk, Senior Vice President of Fund Accounting.